India's ITC Hotels slips in trading debut after spin-off

ITC Hotels

29/01/2025 04:43

** Shares of ITC Hotels  ITCT.NS  down 2.7% in debut trade
at 175 rupees vs discovered price of 180 rupees determined in
pre-open session
    ** Consumer goods giant ITC  ITC.NS  spun off its hotel to
focus more on its core cigarettes and food business
    ** ITC was down 0.4% at 433.75 rupees
    ** In special trading session earlier this month, ITC's
price was adjusted lower to 455.6 rupees to account for spin off
    ** ITC shareholders got one ITC Hotels share for every 10
ITC shares held

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))